Family Dollar – Moss Point, MS
Fortis Net Lease is pleased to present this 8,500 SF. Family Dollar store located in Moss Point, Mississippi. The property is offers a twelve (12) Year Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease contains 4 (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar Tree Stores, Inc. which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store is currently open and operating with rent having commenced in June 2011.
This Family Dollar is highly visible as it is strategically positioned on the corner of Frederick Street and Highway 63 which sees 16,986 cars per day. The five mile population from the site is 36,497 while the one mile average household income is $43,239 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 9.0% cap rate based on NOI of $91,650.
• 12 Year Double Net (NN) Lease
• Minimal Landlord Responsibilities
• Signalized Corner Location
• Concrete Parking Lot
• 4 (5 Year) Options | 10% Increases At Each Option
• One Mile Household Income $43,239
• Five Mile Population 36,497
• 16,986 Cars Per Day on Highway 63
• Investment Grade Dollar Store With “BBB-” Credit Rating
• Site is Surrounded by Residential
Instate Broker of Record: Mathew Laborde | Elifin | License # 21862